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SSI Benefit Calculation Chart - Self-Employed

Related Article: Supplemental Security Income (SSI) - Return To Work

Instructions

Use this chart to calculate any reduction in SSI benefits due to earned income from self-employment. If you use it online calculations will automatically appear in the shaded boxes.

  1. Enter the gross amount of your earnings that month -- before any deductions.
  2. Enter the value of any work incentives, IRWEs, Student Earned Income Exclusion, and Blind Work Expenses. (See SSI – Return to Work – Info)
  3. Enter your business expenses.
  4. Subtract Line 2 and Line 3 from Line 1, and enter the result.
  5. Enter $85 if you only receive SSI and work earnings. If you receive other income, such as SSDI, enter $65.
  6. Subtract line 5 from Line 4 and enter the result.
  7. Divide Line 6 by 2.
  8. Enter the SSI benefit you normally receive when you are not working.
  9. Subtract Line 7 from Line 8. This is your adjusted benefit. Use this number to determine and set it aside so that you can repay Social Security when they compute it and ask for it back.
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CALCULATION Mo. Mo. Mo.

1. Gross Earnings

$ $ $

2. Less Work Incentives

3. Less Business Expenses

4. Net Earnings (Line 1 - Line 2 - Line 3)

5. Less $65 or $85

6. Line 4 - Line 5

7. Line 6 divided by 2

8. Enter your normal SSI Benefit

$ $ $

9. Subtract Line 7 FROM Line 8. This is your adjusted benefit amount.